A new report says wealthy Maryland residents may be moving out due to recent tax hikes – a finding that is sure to escalate the battle over taxing the American rich.

The study, by the anti-tax group Change Maryland, says that a net 31,000 residents left the state between 2007 and 2010, the tenure of a "millionaire's tax" pushed through by Gov. Martin O'Malley. The tax, which expired in 2010, in imposed a rate of 6.25 percent on incomes of more than $1 million a year.

The Change Maryland study found that the tax cost Maryland $1.7 billion in lost tax revenues. A county-by-county analysis by Change Maryland also found that the state’s wealthiest counties also had some of the largest population outflows.


In total, Maryland has added 24 new taxes or fees in recent years, Change Maryland says. Florida, which has no income-tax, has been a large recipient of Maryland's exiled wealthy.




News Headlines (http://www.cnbc.com/id/48120446)

See? The rich do not get screwed in this country - the middle-class do because we can't afford to just up and move out of state.

See? The rich do not get screwed in this country - the middle-class do because we can't afford to just up and move out of state.

The rich DO get screwed, that's why they leave for "greener" pastures and I can't blame them. They earned their wealth through hard work and should not have to give up a disproportionate share to people who rely on handouts rather than earning it. But the middle class gets the double whammy because we are left to make up for revenue lost due to the fleeing millionaires. Montgomery County was the first and now we are seeing the results of high taxes statewide. The tax-and-spend Dems just don't get it.

See? The rich do not get screwed in this country - the middle-class do because we can't afford to just up and move out of state.

I can! However, once you move what says the state won't change the tax laws?

We plan to leave Maryland and move to America when we retire.
(if there still is an America, if not Australia here we come)

We plan to leave Maryland and move to America when we retire.
(if there still is an America, if not Australia here we come)

There is still an America, where people believe in the Constitution, and CWP's are available for law-abiding citizens. Lots of states.

But, ya'll come down anyway, and bring your money. Anyone can move if they really want to. Affording is only a state of mind. Hanging out where you are is just compliance.

See? The rich do not get screwed in this country - the middle-class do because we can't afford to just up and move out of state.

You are 100% absolutely tee-total correct!

I can! However, once you move what says the state won't change the tax laws?
It is bigger than state to state...

More Rich Americans Renounce U.S. Citizenship for Lower Taxes - DailyFinance (http://www.dailyfinance.com/2010/07/20/more-rich-americans-renounce-u-s-citizenship-for-lower-taxes/)

The rich DO get screwed, that's why they leave for "greener" pastures and I can't blame them. They earned their wealth through hard work and should not have to give up a disproportionate share to people who rely on handouts rather than earning it.

You Lie, you have no idea how the rich get their money.


These are for 2009 but it gives you a hell of an idea.If it were really that bad just move to VA,or Howard ,Calvert or Charles county.......




List of highest-income counties in the United States - Wikipedia, the free encyclopedia (http://en.wikipedia.org/wiki/List_of_highest-income_counties_in_the_United_States)

You are 100% absolutely tee-total correct!


It is bigger than state to state...

More Rich Americans Renounce U.S. Citizenship for Lower Taxes - DailyFinance (http://www.dailyfinance.com/2010/07/20/more-rich-americans-renounce-u-s-citizenship-for-lower-taxes/)





the rich have always done this.:coffee:

We plan to leave Maryland and move to America when we retire.
(if there still is an America, if not Australia here we come)


please go , fast ...please!!!!!!!!!:yahoo::yahoo::yahoo:

See? The rich do not get screwed in this country - the middle-class do



Now this,....I agree with.:coffee:

Please read the press release. There is not one fact presented that supports the conclusion...only the conclusion based on a study that is not presented. There are a couple of newspaper reports that only reference the Change Maryland Press Release (typical lazy news reporters...don't do any research...just re-type what some politically motivated group feeds them).

31,000 was the net loss. What was the income dispersion of the entire group who left vs the income dispersion of the entire group who came in? Where did they all go and what is the total tax burden of each of those states vs. MD? The presser also stated that PA had a net loss. How can that be? PA is extremely tax friendly to retirees. With so many Baby Boomers now retiring, PA should be bursting at the seams based on Change Maryland's viewpoint. Accoring to the presser, most people went to VA. VA is not a tax friendly nor a cost of living friendly state...at least not NOVA.

Also where is the polling data that resulted from questioning the appropriate sample of departees about the reason why they left? One can not conclude the reason why someone left...just because that person left.

Lots of conveniently missing data that may or may not support the conclusion.

I am not pleased with the tax happy nature of Maryland...but this type of ridiculous press release does nothing to inform a woefully uninformed public. There are much better arguements to be made than the poor millionaires are leaving.

Please read the press release. There is not one fact presented that supports the conclusion...only the conclusion based on a study that is not presented. There are a couple of newspaper reports that only reference the Change Maryland Press Release (typical lazy news reporters...don't do any research...just re-type what some politically motivated group feeds them).

31,000 was the net loss. What was the income dispersion of the entire group who left vs the income dispersion of the entire group who came in? Where did they all go and what is the total tax burden of each of those states vs. MD? The presser also stated that PA had a net loss. How can that be? PA is extremely tax friendly to retirees. With so many Baby Boomers now retiring, PA should be bursting at the seams based on Change Maryland's viewpoint. Accoring to the presser, most people went to VA. VA is not a tax friendly nor a cost of living friendly state...at least not NOVA.

Also where is the polling data that resulted from questioning the appropriate sample of departees about the reason why they left? One can not conclude the reason why someone left...just because that person left.

Lots of conveniently missing data that may or may not support the conclusion.

I am not pleased with the tax happy nature of Maryland...but this type of ridiculous press release does nothing to inform a woefully uninformed public. There are much better arguements to be made than the poor millionaires are leaving.


Thanks ,good post!

Now this,....I agree with.:coffee:

OK. The rich are the rich, and they will probably always be. Anyone can be rich, with the right ideas, work standards, skills abilities, any combination of the aforementioned. And a bit of luck/fortune/blessing/winning the lottery.....They are who they are, for whatever reason. So be it.

The middle class is who they are, and they are me. You as well? We will always pay the brunt, because in this country, we are the general mass, but we still remain the middle class..

The poor will always be with us, either through no fault of their own, or their own compliance. They are, and will be.

The middle class, through votes, really control things.

So why, pray tell, do so many middle class vote left? Do they want to be poor? Or just stick it to the rich via higher taxes for income earners, which, I'm sure you realize, is not going to affect the rich, and will only make us middle classers more poor?

Will all you peeps in the middle class be happy when there is only the rich and poor? No middle class in between?

Lower taxes for everybody, but taxes nonetheless for all, is better for all.

I am tired of this "poor, poor pitiful me" attitude of so many. If you don't like the taxes or government of your state, move. If you don't want to move, vote those peoples who make your life miserable, out of office.

If you don't want to do that - Lock and load, Amerika!

Or just shut up and quit whining.

See? The rich do not get screwed in this country - the middle-class do because we can't afford to just up and move out of state.

Just to be clear, this isn't referring only to rich people leaving Maryland. It's referring to tax filers (and total people by way of accounting for exemptions taken by those filers) leaving the state. It's saying that on-net almost 13,000 tax filers left the state (for other U.S. states) between 2007 and 2010, and that their filings represent nearly 31,000 people.

That's 230,000 filers with an average AGI of a little over $56,000 leaving Maryland during that 3-year period and 217,000 filers with an average AGI of about $52,000 entering Maryland during it. The compiled data (http://interactive.taxfoundation.org/migration/) doesn't account for births, deaths, or migration to or from foreign countries.


As a side note: The most recent rankings (http://www.phoenixmi.com/pdf/PhoenixGWMUSStateRankingsMillionaires200611.pdf) from Phoenix Global Wealth Monitor indicated that Maryland has the highest percentage of millionaire households of any state.


EDIT: Fixed a transposed words error.

The middle class, through votes, really control things.

So why, pray tell, do so many middle class vote left? Do they want to be poor? Or just stick it to the rich via higher taxes for income earners, which, I'm sure you realize, is not going to affect the rich, and will only make us middle classers more poor?



Lower taxes for everybody, but taxes nonetheless for all, is better for all.

.


We agree with you but you don't get the fact that it's the GOP big wiggs that are killing you .They protect the rich and kill the middel class .Obama didn't kill the housing market that was done under Bush and his Dad and I will even through in Mr Clinton.But how many needed unemployment insurance when they got fired...what about the thousands on Wall Street that lost their jobs when the banks started to fall?Bush and the GOP have bee screaming to stop pensions and go to savings accounts to invest on Wall Street not when there are people like Bernie Maddof and others who treat Wall Street like a used car lot and then scream about to much regulation???I say redo the tax code a flat tax on all.

the rich have always done this.:coffee:

Yep... both democrats and republicans alike. That is the point. All the posturing in politics about "making the rich pay their fair share, dammit!" is just that... posturing because the reality is that the politicians themselves are the rich and they legislate to protect themselves and the interest of those that keep them in power. It will always be that way.

Just to be clear, this isn't referring only to rich people leaving Maryland. It's referring to tax filers (and total people by way of accounting for exemptions taken by those filers) leaving the state. It's saying that on-net almost 13,000 tax filers left the state (for other U.S. states) between 2007 and 2010, and that their filings represent nearly 31,000 people.

That's 230,000 filers with an average AGI of a little over $56,000 entering Maryland during that 3-year period and 217,000 filers with an average AGI of about $52,000 leaving during it. The compiled data (http://interactive.taxfoundation.org/migration/) doesn't account for births, deaths, or migration to or from foreign countries.


As a side note: The most recent rankings (http://www.phoenixmi.com/pdf/PhoenixGWMUSStateRankingsMillionaires200611.pdf) from Phoenix Global Wealth Monitor indicated that Maryland has the highest percentage of millionaire households of any state.

Ok so with BRAC and ,retirements from the Goverment and such you don't 13,000 people could leave the State of Maryland ?

Please read the press release. There is not one fact presented that supports the conclusion...only the conclusion based on a study that is not presented. There are a couple of newspaper reports that only reference the Change Maryland Press Release (typical lazy news reporters...don't do any research...just re-type what some politically motivated group feeds them).

31,000 was the net loss. What was the income dispersion of the entire group who left vs the income dispersion of the entire group who came in? Where did they all go and what is the total tax burden of each of those states vs. MD? The presser also stated that PA had a net loss. How can that be? PA is extremely tax friendly to retirees. With so many Baby Boomers now retiring, PA should be bursting at the seams based on Change Maryland's viewpoint. Accoring to the presser, most people went to VA. VA is not a tax friendly nor a cost of living friendly state...at least not NOVA.

Also where is the polling data that resulted from questioning the appropriate sample of departees about the reason why they left? One can not conclude the reason why someone left...just because that person left.

Lots of conveniently missing data that may or may not support the conclusion.

I am not pleased with the tax happy nature of Maryland...but this type of ridiculous press release does nothing to inform a woefully uninformed public. There are much better arguements to be made than the poor millionaires are leaving.

From 2007 to 2010, about $56,000 AGI (leaving) versus about $52,000 (entering). From 2009 to 2010, about $52,000 AGI for both.

Migration Data (http://interactive.taxfoundation.org/migration/)

Yep... both democrats and republicans alike. That is the point. All the posturing in politics about "making the rich pay their fair share, dammit!" is just that... posturing because the reality is that the politicians themselves are the rich and they legislate to protect themselves and the interest of those that keep them in power. It will always be that way.


Make a flat taxe and it does'nt matter where you live evreyone pays the same % of their income.

We agree with you but you don't get the fact that it's the GOP big wiggs that are killing you .They protect the rich and kill the middel class .Obama didn't kill the housing market that was done under Bush and his Dad and I will even through in Mr Clinton.But how many needed unemployment insurance when they got fired...what about the thousands on Wall Street that lost their jobs when the banks started to fall?Bush and the GOP have bee screaming to stop pensions and go to savings accounts to invest on Wall Street not when there are people like Bernie Maddof and others who treat Wall Street like a used car lot and then scream about to much regulation???I say redo the tax code a flat tax on all.

Where did I say anything in my rant about the GOP or Democrat party? Anywhere?

Except for my comment on why so many "vote left"? I did specifically mean in Md and and other states that tend to cater to the left, where so many "influential income earners" reside.

I said either vote the peeps you are discontented with out of office, fight, or shut up.

I understand your situation well, but do not understand why you put up with it. Either take a dump or get off the pot.

That means activism. On your part. Hit the streets. Become the ACORN for your cause of "Save The middle Class In Maryland".

Boy, what a racist you would be!

But you can still move. No one is stopping you. If you employ people, take them with you.

Ok so with BRAC and ,retirements from the Goverment and such you don't 13,000 people could leave the State of Maryland ?

You're asking me? I have not doubt that 13,000 people (or even 31,000) could leave the state. Did I give you reason to believe that I thought the data was erroneous (or particularly creditable, for that matter)?

You're asking me? I have not doubt that 13,000 people (or even 31,000) could leave the state. Did I give you reason to believe that I thought the data was erroneous (or particularly creditable, for that matter)?


......it was a question.:coffee:

Where did I say anything in my rant about the GOP or Democrat party? Anywhere?

I said either vote the peeps you are discontented with out of office, fight, or shut up.

But you can still move. No one is stopping you.


I never said you did, I said it.

You Lie, you have no idea how the rich get their money.
These are for 2009 but it gives you a hell of an idea.If it were really that bad just move to VA,or Howard ,Calvert or Charles county.......



Make a flat taxe and it does'nt matter where you live evreyone pays the same % of their income.

:lol: We're talking about a state income tax.
Keep demonstrating your stupidity

:lol: We're talking about a state income tax.
Keep demonstrating your stupidity


wow...so was I ,how stupid are you?:whistle:

wow...so was I ,how stupid are you?:whistle:

Exactly :lol:

We plan to leave Maryland and move to America when we retire.
(if there still is an America, if not Australia here we come)

I'm leaving when I can afford to retire. Right now that looks like age 86.

:doh:

Exactly :lol:



......I see you're still waiting for the short yellow school bus.:coffee:

We plan to leave Maryland and move to America when we retire.
(if there still is an America, if not Australia here we come)

I'm leaving when I can afford to retire. Right now that looks like age 86.

:doh:

See? The rich do not get screwed in this country - the middle-class do because we can't afford to just up and move out of state.

You ever worked for a poor person?

I would say "Heck, no." A lot of peeps who complain about taxes really do not think of who pays their salaries in the private sector.

A flat tax would be as fair as fair gets...(Fed or state). Rich people would still pay more. However, you will never see it happen. Simply because half the population pays virtually nothing now and will never vote for a politician that supports the concept of them paying anything. The simple truth is that a democracy is not all its touted to be. When you have half the population paying nothing AND still having a say in how the money is spent, you end up with the scenario we are in today where politicians cater to the "receivers" since they are such a large voting block. You should not be permitted to vote unless you pay a substantial $$ amount (dont know what it would be) in taxes. Otherwise, you have no repercussions for your decisions.

Here ya go!


A quarterly publication by the Internal Revenue Service lists those citizens who voluntarily expatriate, or abandon their American citizenship -- a growing number of whom are doing so to avoid taxes, according to several published reports.

The latest list of 460 citizens who have chosen to expatriate, published on April 30, 2012, included several well known figures. Denise Rich, songwriter, socialite and the former wife of a pardoned billionaire, has given up her U.S. citizenship, and will reportedly thus save millions in U.S. taxes as well. Rich appeared under her maiden name, Denise Eisenberg.

And Facebook co-founder Eduardo Saverin, who made billions off the world’s most popular social network, has also chosen to renounce his U.S. citizenship in favor or residence in Singapore, where there is no capital gains tax.



Read more: 460 people renounced their U.S. citizenship in first quarter of year | Fox News (http://www.foxnews.com/us/2012/07/09/460-people-renounced-their-us-citizenship-in-first-quarter-year/?intcmp=obnetwork#ixzz20E765RcU)

See? The rich do not get screwed in this country - the middle-class do because we can't afford to just up and move out of state.

They read you but did not get you.

Here ya go!


A quarterly publication by the Internal Revenue Service lists those citizens who voluntarily expatriate, or abandon their American citizenship -- a growing number of whom are doing so to avoid taxes, according to several published reports.



Won't help - the United States not only taxes you if you are an American citizen but earn your income abroad, it also taxes you if you choose to leave -

Expatriation tax - Wikipedia, the free encyclopedia (http://en.wikipedia.org/wiki/Expatriation_tax)

Sometimes, for as many as 5 to 10 years afterward.

This is a government far too eager to spend money. I think if they were required to balance the budget and barring that, the FIRST casualty of pay cuts was the Congress' salary, it would get done.

We plan to leave Maryland and move to America when we retire.
(if there still is an America, if not Australia here we come)

You may want to study up on Australia before moving there.

Given the racial and social demographics of MD, taxes are not going to get better. The oppressive taxation of our very liberal leaders in this state applies to everyone. Although O’Malley TALKS about going after the rich he ignores the impact his every-increasing taxes really has on the middle and lower class. And apparently voters – the vast majority of who would be affected by O’Malley’s taxation – don’t seem to get it either.

Bush and the GOP have bee screaming to stop pensions and go to savings accounts to invest on Wall Street not when there are people like Bernie Maddof and others who treat Wall Street like a used car lot and then scream about to much regulation???I say redo the tax code a flat tax on all.

It wasnt to invest on "Wall Street" but to give people a choice. There are investments available on "Wall Street" with no risk (other than inflation) that are available. I doubt you will admit to it but its the fear that the poor and ignorant with access to this money will blow it on cheap plastic beads (crack, liqour, and cigarettes).

I say redo the tax code a flat tax on all.

For once I agree.
Flat tax for ALL
but to make it fair, I say we totally drop the income tax and we put a flat tax on sales.
that way, the rich will still pay more, the poor will pay less, but everyone will pay the same percentage.
This also takes care of those that currently pay nothing right now, I mean, if we all want to pay our fair share, then nobody should be paying nothing. right?

For once I agree.
Flat tax for ALL
but to make it fair, I say we totally drop the income tax and we put a flat tax on sales.
that way, the rich will still pay more, the poor will pay less, but everyone will pay the same percentage.
This also takes care of those that currently pay nothing right now, I mean, if we all want to pay our fair share, then nobody should be paying nothing. right?

Never happen. This puts the power in the peoples' hands to decide how much taxes they pay. Our politicians hate it when we have power.

Never happen. This puts the power in the peoples' hands to decide how much taxes they pay. Our politicians hate it when we have power.

only to an extent.
we have to eat, buy clothing, homes, cars, etc..
we would only have a choice when it came to the steak or the burger, the Lexus or the Corolla etc....

plus, I actually think that if people were to get their entire paycheck without taxes taken out, they would tend to think they were better off and they would actually purchase more.
I could generate more revenue as far as taxes go, and it would certainly stimulate the ecomony and put people back to work.

even savings will sooner or later be used to make purchases, so even if the dollars are not taxed now, they will generate tax at a later date.

I think it is sustainable and reasonable to entertain such an idea.

only to an extent.
we have to eat, buy clothing, homes, cars, etc..
we would only have a choice when it came to the steak or the burger, the Lexus or the Corolla etc....

plus, I actually think that if people were to get their entire paycheck without taxes taken out, they would tend to think they were better off and they would actually purchase more.
I could generate more revenue as far as taxes go, and it would certainly stimulate the ecomony and put people back to work.

even savings will sooner or later be used to make purchases, so even if the dollars are not taxed now, they will generate tax at a later date.

I think it is sustainable and reasonable to entertain such an idea.

I’m talking about having a consumption tax as you proposed. This kind of tax allows you to decide how much you actually pay based how much you spend. This puts the taxing power in your hands. Now the state can no longer dictate to you how much you actually pay; they can’t confiscate it from you. Our government (D and R) will NEVER give us the power to make such decisions.

The other down side to a consumption tax is it makes it impossible for the government to have an accurate budget. They can’t predict what the revenues will be from one month to the next.

I’m talking about having a consumption tax as you proposed. This kind of tax allows you to decide how much you actually pay based how much you spend. This puts the taxing power in your hands. Now the state can no longer dictate to you how much you actually pay; they can’t confiscate it from you. Our government (D and R) will NEVER give us the power to make such decisions.

The other down side to a consumption tax is it makes it impossible for the government to have an accurate budget. They can’t predict what the revenues will be from one month to the next.

They haven't done a great job predicting the jobs market and unemployment numbers? I don't see why they would be any less or more accurate using the statistics from the sales tax already collected? I don't see that there is a whole lot of predictive difference between historically collected sales tax and 'historically' employed tax payers?

Given the racial and social demographics of MD, taxes are not going to get better. The oppressive taxation of our very liberal leaders in this state applies to everyone. Although O’Malley TALKS about going after the rich he ignores the impact his every-increasing taxes really has on the middle and lower class. And apparently voters – the vast majority of who would be affected by O’Malley’s taxation – don’t seem to get it either.

You'll be singing a different tune when he is applying these policies at the national level after he is elected president.

Owe'Malley better be thankful that his "rich" people can't afford to up and move from what was once known as the Free State.

You'll be singing a different tune when he is applying these policies at the national level after he is elected president.

:smack: Bite Your Tongue!

You'll be singing a different tune when he is applying these policies at the national level after he is elected president.

Well, in my defense, we are talking about MD. If we were talking about national politics I would have pretty much said the same thing. The thing about leaving the state, there aren’t that many states left to go to.

You may want to study up on Australia before moving there.

Right. Isn't that where the Octomom Suleman is moving with her dad and her brood of what - 15 welfare pups - going as well?